Jack in the Box Inc. (NASDAQ:JACK) Given Consensus Recommendation of “Hold” by Brokerages

Jack in the Box Inc. (NASDAQ:JACK) has been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $59.88.

Several research analysts recently issued reports on JACK shares. Guggenheim reduced their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Northcoast Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Stifel Nicolaus decreased their price objective on shares of Jack in the Box from $55.00 to $52.00 and set a “hold” rating for the company in a research report on Monday, December 9th. Piper Sandler dropped their target price on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays upped their price target on shares of Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in Jack in the Box by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock worth $496,000 after acquiring an additional 358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Jack in the Box by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock valued at $255,000 after buying an additional 503 shares during the period. MML Investors Services LLC increased its stake in Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 819 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box during the 3rd quarter worth about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Jack in the Box by 172.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Down 5.0 %

Shares of JACK stock opened at $43.21 on Tuesday. Jack in the Box has a 12-month low of $40.84 and a 12-month high of $86.20. The business’s fifty day simple moving average is $47.25 and its 200-day simple moving average is $49.51. The company has a market cap of $813.69 million, a PE ratio of -22.16, a PEG ratio of 1.59 and a beta of 1.92.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.07%. Jack in the Box’s dividend payout ratio is presently -90.26%.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.